19 Scott Grove GLEN IRIS (Stonnington)

Comments on 19 Scott Grove GLEN IRIS (Stonnington)

19 Scott Grove is all about the building: what is it worth now and what is it going to be worth in 5 and in 10 years time? The position is premium Glen Iris, and the block of land is hard to fault - oversize, a great street and good rear yard with minimal overlooking. Next door, a similar sized house but with a compromised floorplan, sold at a public auction recently with only one bidder for $2,700,000. This home also sold recently, but in slightly better times, i.e. 2010, for more than the quote they are now asking. So it all comes back to the building. Canny Builders build a lot in this area and have a solid reputation. As with most of the Canny buildings, the thought and value is in the floor plan - good sizes and good flow. My only complaint is with the pool - it restricts same level outdoor entertaining, the infinity line has a glass extra and the ground gap around the door (while no doubt necessary for drainage) is a little offputting. Finishes throughout are modern and of acceptable standard, and you can easily update cosmetically as time goes by if you choose. The important thing is that the bones are there. The question is its value now and in the future. It is a big home but it is not a classic home - so will it hold its value or is it approaching an update time? Will it look a bit tired in 3 to 5 years? Therefore what is the 2012 value of the building alone? That's the key question you will need to grapple with when valuing this home for you.